This Virtually Guarantees That Your Taxes Are Going Through the Roof
SilverDoctors.com
May 9, 2016
To be clear, we’re not talking about the Social Security mess. That’s an additional $40+ trillion funding shortfall.
There are only two ways out of this:
Your taxes are going to go up. BIG TIME…
Submitted by Simon Black, Sovereign Man:
Ever since I was a kid, I always knew that cancer runs deep in my family.
My father died more than a decade ago of a horrible brain tumor. His father had cancer. Both of my mother’s parents died of cancer.
I knew all of this before I even understood what cancer was.
Not willing to leave the issue to genetic luck, though, my mother started educating my sister and I to make healthy decisions even when we were very young.
And I’ve heeded these lessons throughout my life. I almost exclusively eat healthy, vitamin-rich, organic food (most of which I grow myself here in Chile). I don’t smoke. I avoid anything toxic.
Most of all I keep educating myself so I know what the best options are at any given time, including those that fall outside of the mainstream.
I don’t feel like I’m any worse off for taking basic steps to educate myself and make healthy decisions to reduce a fairly obvious risk.
I was thinking about this the other day when I read an article in the Financial Times about the “disastrous” $3.4 trillion funding hole in the United States public pension system.
To be clear, they’re not talking about the Social Security mess. That’s an additional $40+ trillion funding shortfall.
The $3.4 trillion gap is referring primarily to city and state pension funds; these pension funds essentially have way too many liabilities and obligation, with too few assets to support them.
And the problem gets worse each year.
Now, pension funds in the Land of the Free are supposed to be backed up and insured by a federal agency known as the Pension Benefit Guarantee Corporation (PBGC).
The PBGC is sort of like the FDIC for pension funds.
The Rest…HERE
